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New iGR Study Forecasts the Number of Connected Cars on U.S. Roads to Grow at a CAGR of 68 Percent Between 2013 and 2018

iGR Study Also Examines Several Drivers of This Growing Market

AUSTIN, TX--(Marketwired - May 15, 2014) - Automakers, mobile operators and technology vendors have made major announcements in 2014 regarding their connected car offerings. Additional connected car partnerships have been made between vendors and concept cars with more advanced capabilities have been demoed.

Along with this activity in the connected car market, the number of vehicles being sold with connected car capabilities has grown rapidly. Throughout the next five years, iGR, a market research consultancy focused on the wireless and mobile industry, expects an increasing number of connected cars on the road and on the mobile data network. In iGR's five-year forecast, the number of connected cars on U.S. roads is expected to grow at a CAGR of 68 percent.

"The connected car market offers great revenue potential for many players, including automotive OEMs, mobile carriers, and other technology companies," said Iain Gillott, president and founder of iGR, a market research consultancy focused on the wireless and mobile industry. "This potential for revenue, along with consumers' expectations for connectivity, will continue to drive growth in this market throughout the forecast period."

iGR's new market study, U.S. Connected Car Strategies, Trends and Forecasts, 2013-2018, examines connected car services, recaps major announcements made through the spring of 2014, discusses the strategies of some key players, and presents barriers and drivers for this rapidly developing space. In addition, it presents a five-year forecast for the number of connected cars in the U.S. and the associated mobile data usage.

The following key questions are addressed in the new market study:

What is a connected car, and what services does it allow now and in the future?

What are the strategies that are guiding automotive manufacturers, carriers and technology vendors?

What recent announcements have been made regarding connected cars?

What are the challenges related to connected cars that need to be resolved?

What are the drivers for connected cars that are propelling the market forward?

What is the five-year forecast for the number of connected cars and their associated data usage for the U.S. connected car market?

The information in this report will be valuable for:

Automotive manufacturers and suppliers

Mobile service providers

M2M providers

Mobile device OEMs

Developers of mobile apps

Financial and investment analysts

The new report can be purchased and downloaded directly from iGR's website at www.iGR-inc.com. Alternatively, contact Iain Gillott at (512) 263-5682 or at Iain@iGR-inc.com for additional details.

About iGR

iGR is a market strategy consultancy focused on the wireless and mobile communications industry. Founded by Iain Gillott, one of the wireless industry's leading analysts, in late 2000 as iGillottResearch, iGR is now entering its fourteenth year of operation. iGR continuously researches emerging and existent technologies, technology industries, and consumer markets. We use our detailed research to offer a range of services to help companies improve their position in the marketplace, clearly define their future direction, and ultimately improve their bottom line.